The term "globalisation" is frequently used but seldom defined. It refers to the rapid increase in the share of economic activity taking place across national boundaries.
This goes beyond just the international trade in goods and includes the way those goods are produced, the delivery and sale of services, and the movement of capital.
Globalisation is the result of a number of interrelated developments including:
The growth and relative importance of foreign direct investment and multinational enterprises; The internationalisation of financial markets; The continuing development of communication and transport technology; Deregulation and liberalisation; Privatisation of public sector services.
Globalization(orglobalisation) describes an ongoing process by which regional economies, societies and cultures have become integrated through a globe-spanning network of exchange. The term is sometimes used to refer specifically to economic globalization: the integration of national economies into the international economy throughtrade,foreign direct investment,capital flows,migration, and the spread oftechnology.. However, globalization is usually recognized as being driven by a combination of economic, technological, sociocultural, political and biological factors.The term can also refer to the transnational dissemination of ideas, languages, orpopular culture.
Globealisation:- when a country opened his market for the forigen market and get integrated his ecomomy with the economy of other country then this is called globelisation. Now there is a free flow of goods and services beyond the boundry of their country.